ch 11 - insurance? Selected Answer: Correct Answer: Questio...

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Quest ion 1 0 out of 1 points This INCOTERM group maximizes the effort, risk, and costs for the buyer (i.e., the importer)? Selected Answer: Correct Answer:
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Questio n 2 0 out of 1 points How many INCOTERMS are appropriate to use for international ocean transportation? Selected Answer: Correct Answer: Questio n 3 1 out of 1 points If a seller and a buyer agree to the terms CIF, the seller is responsible for purchasing freight insurance. Selected Answer: Correct Answer: Questio n 4 1 out of 1 points According to the second article who is responsible for transmitting shipment information to Customs at least 24 hours before loading any container destined for the United States on board a vessel? Selected Answer: Correct Answer: Questio n 5 1 out of 1 points According to Article 1, it is crucial to choose the appropriate Incoterm, meet your obligations under the chosen Incoterm, and offer competitive terms to your customer. Selected Answer: Correct Answer:
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Questio n 6 0 out of 1 points In which situation would it be most appropriate to transfer risk and purchase freight
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Unformatted text preview: insurance? Selected Answer: Correct Answer: Questio n 7 1 out of 1 points In the case of a shipping catastrophe at sea, a freight owner is only responsible for his own goods and has no potential liability toward goods or equipment owned by other organizations. Selected Answer: Correct Answer: Questio n 8 0 out of 1 points How can organizations greatly reduce the likelihood of loss and damage during international transport? Selected Answer: Correct Answer: Questio n 9 1 out of 1 points A bill for the goods form the seller to the buyer that describes the transaction from start to finish is which of the following? Selected Answer: Questio n 9 1 out of 1 points Correct Answer: Question 10 1 out of 1 points Issued by the transportation carrier to the exporter acknowledging that the shipment has been received and placed on board the vessel is which of the following? Selected Answer: Correct Answer:...
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ch 11 - insurance? Selected Answer: Correct Answer: Questio...

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